Neo Residence

Famagusta, TRNC (Northern Cyprus)

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Price from

≈ $130,849£99,000Rate as of 2026-10-13

US dollar amounts are shown for easier comparison. The developer's price is set in the listing currency.

£2,605 / m²

pricier than 60% of city projects

+9% vs the city median (Famagusta), sample of 12 projects

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Data verified Aug 8, 2026price source: developer partner networkupdated 2 mo. ago

Properties

Condominium

Area

38 - 70 m²

Bedrooms

1

Completion

Q1 2025

Readiness

Ready

Dry season

Jul, Aug, Jun

Is this expensive for the city

$3,443per m²pricier than 60% of city projects

Median $3,152
$883$6,239

+9% vs the city median (Famagusta), sample of 12 projects

Rate as of 2026-10-12, city data updated 2026-10-12. Prices converted to US dollars at the quote-date rate. Source: Housebook catalogue.

The cost of this project

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What it really costs

Payment plan

  1. Step 1

    On booking

    5%

    $6,542

  2. Step 2

    On contract

    30%

    $39,255

  3. Step 3

    Tax

    5%

    $6,542

  4. Step 4

    Before commissioning

    65%

    $85,052

Total$130,849

The developer may revise the payment schedule. Confirm the current terms before the deal.

ROI Calculator

$66$1,983

A 6% annual yield estimate. We do not have market rental rates for this city yet. Check the real rate with your agent.

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40%100%
0%20%
Monthly income

$420

Annual income

$5,049

Gross yield

5.8%

Net yield

3.9%

Value in 5 years

$175,104

5-year ROI

53%

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Calculations are estimates based on average market data. Actual returns may vary. This is not financial advice.

When is the season here

Driest months: Jul, Aug, Jun

Wettest months: Jan, Dec, Feb

Dry months per year: 6. A month counts as dry when its rainfall is below the annual median of monthly rainfall.

Rainfall, mm per monthTemperature, °C
Show monthly table
Monthly climate normal: temperature and rainfall
MonthTemperature, °CRainfall, mm
Jan13.672
Feb14.041
Mar15.823
Apr18.613
May22.79
Jun27.12
Jul29.91
Aug30.21
Sep28.06
Oct24.415
Nov19.630
Dec15.771

Source: NASA POWER, climate normal (2001-2020). Grid node 35.2, 33.9. This is a multi-year normal, not a weather forecast.

About the project

Properties

Condominium

Completion

Q1 2025

Status

Ready

Area

38 - 70 m²

Description

Neo Residence is a completed condo development by Dörter Construction in Famagusta, Famagusta District, TRNC (Northern Cyprus). The project reached completion in January 2025 and is ready.

Units on offer are one-bedroom apartments ranging from 38 to 70 square meters. Prices start at 99,000 GBP and go up to 210,000 GBP, with the price per square meter starting from 2,605 GBP.

All listed layouts fall into the one-bedroom category, so the spread between 38 and 70 square meters reflects different internal arrangements within that same bedroom count. Because the building is finished and ready, a buyer can take possession once the purchase is completed, without waiting on construction timelines.

This description was prepared with the help of artificial intelligence from developer data and public sources. Please check key figures and terms with our adviser.

Location

Famagusta, TRNC (Northern Cyprus)

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